Remitly vs InstaReM - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Remitly and InstaReM have emerged as leading choices. Both Remitly and InstaReM online platforms offer efficient and cost-effective and secure international money transfers from Remitly and InstaReM.

We compare Remitly vs InstaReM into the unique features and benefits that distinguish Remitly vs InstaReM, empowering you to make an informed decision based on your specific transfer needs like Remitly vs InstaReM fees, currencies available, available payment methods on Remitly compared to InstaReM, support options offered by Remitly vs InstaReM, speed and more.

Remitly vs InstaReM: Quick Feature Comparison

  1. Visit Remitly alternative Remitly Visit Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  2. Visit Remitly alternative InstaReM Visit InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

Remitly vs InstaReM: Pros and Cons

Remitly vs InstaReM
Advantages

Remitly Advantages InstaReM Advantages
  • Remitly has been serving clients for over 13 years
  • Remitly is well rated among clients.
  • Remitly is available internationally.
  • Remitly has multiple currency options.
  • Remitly supports money transfer cash pickups.
  • Remitly is available to iOS Apple device users.
  • Remitly is available to Android mobile device users.
  • InstaReM boasts a high rating for sending money.
  • InstaReM operates in numerous international countries.
  • InstaReM offers an extensive range of currency options for money transfers.
  • InstaReM provides phone support.
  • InstaReM offers registered customers email support.
  • InstaReM has a Apple iOS app on Apple app store.
  • InstaReM offers a Android Google Play Store mobile app.

Remitly vs InstaReM
Disadvantages

Remitly Disadvantages InstaReM Disadvantages
  • Remitly has no PayPal support.
  • Remitly has no Neteller payments support.
  • Remitly has no Skrill payment support.
  • Remitly does have a mobile digital wallet like some others.
  • No home delivery with Remitly.
  • No money order support with Remitly.
  • No live chat support with Remitly.
  • Remitly has no telephone support.
  • Remitly email support is limited.
  • InstaReM has no PayPal option.
  • InstaReM has no Neteller option.
  • InstaReM has no Skrill option.
  • No digital wallets with InstaReM.
  • No InstaReM home delivery.
  • No InstaReM Cash pickups.
  • No InstaReM money order option.
  • No InstaReM Livechat.

Remitly vs InstaReM Fees and Other Costs

Fee type Remitly Fees InstaReM Fees
Transfer Fees 0-3.99$ 0%-1%
Min Transfer US$1.00 $1 (minimum sending amounts could differ based on certain currency pairs)
Max Transfer US$20,000.00 No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
Payment Methods Bank transfer, credit/debit card bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
Currencies ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD

Remitly vs InstaReM Restricted Countries

Remitly Country Restrictions

North Korea

InstaReM Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Remitly vs InstaReM Transfer Speeds

Transfer Speed Remitly InstaReM
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Remitly vs InstaReM Languages

Remitly Supported Languages

English, French, Spanish, Polish, Vietnamese, German, Romanian, Italian and Turkish.

InstaReM Supported Languages

English

Remitly vs InstaReM Verdict - Which is better?

Which is best out of Remitly and InstaReM depends on your needs.

  • Remitly vs InstaReM Transfer Fees: Transferring money with Remitly costs 0-3.99$ while InstaReM charges 0%-1%.
  • Remitly vs InstaReM Supported Currencies: Remitly deals in over 1, where as InstaReM offers transactions in 1.
  • Remitly vs InstaReM Payment Methods: Remitly accepts Bank transfer, credit/debit card, while InstaReM allows transactions via bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents).
  • Remitly vs InstaReM Transfer Limits: Remitly allows transfers between US$1.00 and US$20,000.00. InstaReM's range is $1 (minimum sending amounts could differ based on certain currency pairs) to No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country).
  • Remitly vs InstaReM Minimum Age for Account Creation: Remitly requires users to be at least 18 years old, where as InstaReM has a minimum age requirement of 18.
  • Contact Number: You can reach Remitly at and InstaReM at 07 3053 8888.
  • Remitly vs InstaReM Countries of Operation: Remitly operates in over 1 countries but has restrictions in over 1 countries. InstaReM serves 1 countries and restricts operations in 1 countries.
  • Remitly vs InstaReM Client Base: Remitly is used by 3,000,000, where as InstaReM serves 130,000,000.
  • Remitly vs InstaReM Year Founded: Remitly was established in 2011 and InstaReM began its operations in 2014.
  • Remitly vs InstaReM Customer Rating: Remitly holds a rating of 4, in contrast, InstaReM has a rating of 4.
  • Remitly vs InstaReM Headquarters: Remitly has its headquarters at Seattle (US), while InstaReM is based at Singapore.
  • Remitly vs InstaReM Employee Count: Remitly employs 1,000 individuals, where as InstaReM has a team of 200.
  • Remitly vs InstaReM Estimated Annual Turnover: Remitly turnover stands at 143100000, while InstaReM boasts a turnover of 10100000.
  • Remitly vs InstaReM Founder: Remitly was founded by , holding the position of . On the other hand, InstaReM was the brainchild of Sreya Dasgupta, currently holding the position of Product Owner.
  • Remitly vs InstaReM Supported Languages: Remitly offers support in over 1 languages. InstaReM communicates in 1.

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Screenshots

Remitly Screenshot

Remitly Screenshot

InstaReM Screenshot

Remitly Screenshot